Hainan Airlines parent HNA Group is set to establish subsidiary Ningbo Airlines in conjunction with the Ningbo municipal government. The new venture will be mainly based in Ningbo and plans to expand its fleet to 16-20 aircraft by 2020. HNA Group did not release financial details. It is a growing trend for Chinese domestic carriers to forge agreements with local governments to receive cash support and favorable policies. HNA Group has also launched subsidiaries Urumqi ...

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